Incremental Order will Increase Boeing Backlog to 110

Boeing signed a deal with Irish lessor Avolon for 40 additional 737-8 aircraft, expanding the company's fleet of Boeings-to-be to more than 110 aircraft in all.

The firm will sport a mix of 737-8 and -10 variants, once current orders are filled. The order tags on to an additional deal earlier this year that saw 40 aircraft purchased in the same fashion.

"Today's order reflects our continuing optimism in the outlook for the aviation sector and strengthens our ability to meet customer needs in delivery slots out to 2030 when the availability of aircraft is very limited," said Avolon CEO Andy Cronin. "We have now committed to 80 new, fuel-efficient 737 MAX airplanes this year, supporting the transformation of our fleet to lower emissions airplanes. Avolon has been a long-standing supporter of the 737 MAX platform, delivering the 1000th 737 MAX produced earlier this year and the first ever 737 MAX in 2017. It is a pleasure to partner again with Boeing on this new order."

"With long-term travel demand expected to remain strong, we are ready to support lessors looking to increase their single-aisle portfolios with fuel-efficient jets capable of operating across various route networks," said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing. "Avolon continues to be a significant and much valued customer for the 737 program. This repeat order, in the same year, demonstrates its confidence in the 737-8 and the value the airplane brings to its customers."

FMI: www.boeing.com